The effectiveness of public infrastructure investment: an overview for the Spanish economy and its regions

Abstract

In this work we go through the economic literature that has quantifiedin the last years the macroeconomic effects of public infrastructures at theregional level. The paper offers, from the point of view of the authors, a review ofthe most significant contributions to the production function and cost function approaches.In the analysis we put the emphasis on results obtained for the Spanisheconomy. Likewise, the conclusions are entirely devoted to extract recommendations,that should be taken in mind, when designing public investment policies ofinfrastructure endowment in Spain.

Keywords

• infrastructure
• regions
• production functions
• duality